Business

Find the latest business news on Egypt’s stock market, banking, investments, tourism, automotive, international business, technology, interest rates, currencies and funds.
Latest Business News

EGX jumps 5% during Wednesday trading, supported by IMF loan

The expected $12bn loan agreement with the IMF prompted institutions to increase…

Mohamed Ahmed

EGP 482 per month becomes new poverty line

The percentage of the population under the poverty line jumped from 26.3%…

Adel M. Fakhry

Government may revise its economic reform programme with the IMF loan: El-Araby

The government may modify its programme that was previously submitted to the…

Daily News Egypt

No fines for overspending Spain, Portugal

The European Commission has decided not to recommend fines against Spain and…

Deutsche Welle

Flights may be rescheduled to New Valley subject to demand: ETAA official

Hotel capacity in Upper Egypt totals approximately 25,000 rooms, most of which…

Abdel Razek Al-Shuwekhi

Airbus hit by fresh second-quarter charges

European aviation giant Airbus has seen its second-quarter profit severely impacted by…

Deutsche Welle

e-finance begins automating agricultural holdings documents

We are applying the system in two phases, and we began an…

Daily News Egypt

Ousta negotiating investment of EGP 50m in 2016: founder

Service available in 10 cities through 4,000 cars, plans to increase to…

Mohamed Alaa El-Din

Japan promises huge stimulus package

The Japanese government has said it'll compile a huge stimulus package to…

Deutsche Welle

Dollar shortage created an inflationary recession in the local market: investors

Manufacturers rely on the informal market for US dollars, and securing 25%…

Hisham Salah